Bookmarks: 5 Interesting Articles That May Help You This Week

July 3oth, 2018

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.

Credit: iStock

How Social Experience & Transportation Shaped the Last 10-Years of CRE Development

“Elie Finegold: The forces (converging to change the CRE world are):

  • Radical mobility – the ability for people to do all sorts of work and tasks from anywhere
  • Service economy – the sharing of assets in an efficient way across a network of people
  • Autonomy – drastically reduce the cost of moving people and goods around urban environments

All of this is part of a transportation network that is increasingly seamless, increasingly purpose built for going whatever distance you want, increasingly available on-demand, and the cost of which will decrease as autonomy becomes part of the equation. So it’s not just about people going places, it’s also about things coming to you. All of these things together, I still believe, will be one of the most profound shifts in the way that the built environment is utilized, since the invention of the mass-produced automobile.” www.disruptcre.com

Atlanta’s Changing Transportation Ecosystem

“Atlanta’s traffic woes are a well-known story. Despite having the nation’s 9th largest transit system, we are still an auto-centric city and region, rife with congestion along our main corridors. The lesser known story, perhaps, is the remarkable level of investment and coordination currently underway among our state and regional agencies to make significant changes in how Atlantans move around and through the region.” www.atlanta.uli.org

How to Cure Your Dread of Public Speaking

“Public speaking is so stressful for so many people that it is routinely used as a stress manipulation in psychological studies. Tell undergrads they have 10 minutes to prepare a speech that will be evaluated by experts, and their levels of the stress hormone cortisol shoot through the roof.

Yet success in many roles requires speaking in public. In addition to presenting in my classes, I typically give a talk per week in front of groups. People ask me if speaking gets me nervous. It does not. And I give a lot of credit to my fascination with stand-up comedy. While I’m not a comedian myself, I’ve been a fan of comedians and their process for a long time, and I think there are three lessons that anyone can learn from them about public speaking.” www.hbr.org

Much Of The US Electric Grid Could Go The Way of The Landline Phone 

IF YOU’RE OLD enough to remember landlines, maybe you remember the feedback loop that turned them from must-haves to luxury items. As customers started switching to mobile, the phone companies had to raise rates on the cord keepers to cover the cost of their telephone lines. That only pushed more people to defect, exacerbating the problem—and increasing the cost.

It’s this sort of feedback loop that worries Sonny Garg. He’s the head of energy research for Uptake Technologies and spearheaded the data analytics firm’s new report showing that over the past two decades, the investor-owned utilities that represent nearly half the US grid’s electrical load saw the effective cost of generating one megawatt of electricity rise 74 percent.

Making electricity, in other words, is becoming a less profitable business. And Garg worries that these costs will eventually reach consumers and send ripples throughout the economy. “You don’t need a huge amount of people to leave to cause a huge issue with the grid,” he says.” www.wired.com

What Not to Do When You’re Trying to Motivate Your Team

“When leaders look like they are just applying some “motivational technique” they read about, people see right through the superficial, obligatory effort. It looks like they are checking off the “I motivated someone today” box. Motivation is not something you do to people. People ultimately choose to be motivated — when to give their best, go the extra mile, and offer radical ideas. The only thing leaders can do is shape the conditions under which others do, or don’t, choose to be motivated. But the final choice is theirs.

Unfortunately, too few managers understand this, and so there is a gap between managers’ efforts and the results they’re getting. A 10-year study of more than 200,000 employees shows that 79% of employees who quit their jobs cite a lack of appreciation as a key reason, and according to Gallup’s 2017 “State of the American Workplace” report, only 21% agree their performance is managed in a way that motivates them to do outstanding work. Here are three of the most offensive forms of “motivating” I’ve seen managers employ, and three alternative approaches I’ve seen work wonderfully.” www.hbr.org

Your success blesses others. I wish you a great a hugely impactful week!

Bookmarks: 5 Interesting Articles That May Help You This Week

July 23rd, 2018

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.

Credit: iStock

How Amazon’s Expanding U.S. Brick-and-Mortar Footprint Stacks up Against Other Big Retailers

“Whole Foods locations make up close to 80 percent of Amazon stores across the U.S., underscoring the importance of the $13.7 billion Whole Foods acquisition for the company’s brick-and-mortar push.

Thanks to the Whole Foods deal, Amazon is breathing down the necks of traditional retailers like Sears and Macy’s, both of which have closed stores this year. However, Walmart dwarfs Amazon’s footprint with 5,295 stores across the county. Kroger (2,779 stores), Home Depot (1,981), Target and Best Buy (1,328) each boast a much larger national footprint as well.

Unlike many of these companies, which have been building stores for decades, Amazon is new to the physical retail world. Amazon opened it’s first brick and mortar store, Amazon Books, in Seattle’s University Village mall in 2015.” www.geekwire.com

Why Theme Parks are Spending Millions to Give Guests Free Wi-Fi

“We are constantly evaluating needs and introducing new technology in the parks to enhance the guest experience,” said Liz Jaeger, a spokeswoman for the Disneyland Resort.

But theme parks are not investing in free internet service just to keep tech-loving guests like Barrie happy. There is big money to be made with in-park Wi-Fi because it lets guests promote the park on social media and it gives the park access to valuable data about visitors.

Enthusiastic fans wait in line to be the first to enter the Wizarding World of Harry Potter at Universal Studios Hollywood before sunrise in 2016. Wireless internet helps theme park guests post images from such attractions.
Enthusiastic fans wait in line to be the first to enter the Wizarding World of Harry Potter at Universal Studios Hollywood before sunrise in 2016. Wireless internet helps theme park guests post images from such attractions. (Al Seib / Los Angeles Times) 

Industry experts note that videos, pictures and messages dispatched from theme parks to social media sites help promote the parks to millions of potential guests on Twitter, Facebook, Instagram and Snapchat, among other sites. Last year, Disneyland was the most Instagrammed location in the world, according to the photo-sharing app.

“There is an entire new industry of people posting pictures, going live, streaming while at a theme park or creating photo reports,” said Martin Lewison, a theme park expert and business management professor at Farmingdale State College in New York.” www.latimes.com

The Power of Positive People: Are your friendships giving you a boost or bringing you down?

“I argue that the most powerful thing you can do to add healthy years is to curate your immediate social network,” said..one expert, who advises people to focus on three to five real-world friends rather than distant Facebook friends. “In general you want friends with whom you can have a meaningful conversation,” he said. “You can call them on a bad day and they will care. Your group of friends are better than any drug or anti-aging supplement, and will do more for you than just about anything.” www.wsj.com

What Not to Do When You’re Trying to Motivate Your Team

“When leaders look like they are just applying some “motivational technique” they read about, people see right through the superficial, obligatory effort. It looks like they are checking off the “I motivated someone today” box. Motivation is not something you do to people. People ultimately choose to be motivated — when to give their best, go the extra mile, and offer radical ideas. The only thing leaders can do is shape the conditions under which others do, or don’t, choose to be motivated. But the final choice is theirs.

jul18_16_940190064

H.ARMSTRONG ROBERTS/CLASSICSTOCK/GETTY IMAGES

Unfortunately, too few managers understand this, and so there is a gap between managers’ efforts and the results they’re getting. A 10-year study of more than 200,000 employees shows that 79% of employees who quit their jobs cite a lack of appreciation as a key reason, and according to Gallup’s 2017 “State of the American Workplace” report, only 21% agree their performance is managed in a way that motivates them to do outstanding work. Here are three of the most offensive forms of “motivating” I’ve seen managers employ, and three alternative approaches I’ve seen work wonderfully.” www.hbr.org

Why Duke Realty Believes There’s Plenty of Room for Development in the Industrial Sector

NREI: What underlies that “pretty good” feeling?

(Duke CEO) Jim Connor: You’ve got 4.5 percent vacancy nationwide. It’s the lowest it’s been as long as anybody can remember, and they’ve been keeping records 25-plus years. We keep predicting every year that supply is finally going to catch up with demand, and it still hasn’t happened yet. Based on activity, I don’t see that trend changing. When you’ve got that low of a vacancy rate, it allows us to keep the occupancy rate in our portfolios ridiculously high. Our in-service portfolio is 97.5 percent leased [as of the first quarter of 2018], and with that you get great, strong rent growth numbers.

The challenge for us—and there’s always a downside with the upside—is we’re really in favor right now, so there’s a ton of capital chasing industrial. Even though interest rates have gone up 50 to 60 basis points in the last eight or nine months, we’ve seen cap rates on industrial compress 25 basis points, and maybe more in some cases. So, there’s a lot of competition out there. www.nreionline.com

Your success blesses others. I wish you a great a hugely impactful week!

Bookmarks: 5 Interesting Articles That May Help You This Week

July 16th, 2018

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.

Credit: iStock

Commercial Real Estate Implications of the Steel and Aluminum Tariffs

“The most important thing developers and contractors can do to minimize risk is to include clear contractual roadmaps for addressing eventualities such as price increases on raw materials.” www.nreionline.com

Watch Out, Retailers. This is Just How big Amazon is Becoming

“You knew Amazon was big. But did you know it was this big?

Amazon’s e-commerce sales in the U.S. are expected to reach a staggering $258.2 billion this year, up nearly 30 percent from a year ago, according to a new survey from eMarketer that looks at the company’s sales by product category.

That means Amazon is expected to capture nearly half of the U.S. e-commerce market by the end of 2018, eMarketer said. The company ended 2017 with about 44 percent of the market.” www.cnbc.com

People on Higher Floors of Office Buildings Tend to Take More Risks (WSJ Paywall)

This Scrappy Startup Wants To Save Family Farms. But Big Ag Is Fighting Back

“Based south of the San Francisco airport and backed by nearly $200 million in venture capital—from the likes of T. Rowe Price, Temasek, Kleiner Perkins and GV (Google’s VC arm), among others—FBN is trying to do nothing less than save America’s family farms while also building what its brash CEO, Amol Deshpande, hopes will become “the biggest agricultural business in the world.” The startup’s founders, Deshpande, 40, and Charles Baron, 34, want to shift leverage from giant manufacturers like DowDuPont and Monsanto. Collectively, farmers produce nearly $200 billion worth of crops a year, but individually they have little bargaining power. By bringing them together, FBN’s sprawling operation helps farmers get better prices on both the goods they buy and the crops they sell. As it spends heavily to sign up farmers and build its online store, the startup has yet to turn a profit. But it expects revenue of $200 million this year, up from $72 million in 2017, and Deshpande and Baron are already talking about an IPO.

“What they are doing is amazing in terms of its business potential and its social impact,” says Nancy Pfund, founder of DBL Partners, an investor in FBN and a descendant of farmers. “Certainly big data is in vogue, but information is not enough. You’ve got to bring farmers together so they can level the playing field.” www.forbes.com

Your success blesses others. I wish you a great a hugely impactful week!

 

Bookmarks: 5 Interesting Articles That May Help You This Week

July 9th, 2018

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.

Credit: iStock

5 Minutes Early Is On Time; On Time Is Late; Late Is Unacceptable

An old but certainly a goody! “I have a magic pill to sell you. It will help you make more money, be happier, look thinner, and have better relationships. It’s a revolutionary new pharmaceutical product called Late-No-More. Just one dose every day will allow you to show up on time, greatly enhancing your life and the lives of those around you.

All joking aside, being late is unacceptable. While that sounds harsh, it’s the truth and something that should be said more often. I don’t care if you’re attending a dinner party, a conference call, or a coffee meeting – your punctuality says a lot about you.” www.forbes.com

The Secret to Disconnecting? Bring Back the ‘Away’ Message – (WSJ Paywall)

“When you head out on vacation this summer, you will want to properly get away. No checking in with the office, no sneaking a peek at your inbox and no occasional Twitter browsing just in case Beyoncé drops another surprise album. With the help of an out-of-office email responder and a little bit of willpower, you might even pull it off.” www.wsj.com

Can Silicon Valley Disrupt How We Build?

4 Keys to Staying Healthy in Open Office Layouts

“You can have the best system in the world, but if your facility manager isn’t cleaning the screens or the filters, the air quality is definitely not going to be great,” said Lessard, noting that routine upkeep is critical, as well..” www.amny.com

Duke Long’s Updated 2018 Top 150 Commercial Real Estate People You Must Connect With On LinkedIn.

Honored to be on Duke’s list!  www.dukelong.com

Your success blesses others. I wish you a great a hugely impactful week!

Bookmarks: 5 Interesting Articles That May Help You This Week

July 2nd, 2018

Happy 4th of July week!

Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles.

Credit: iStock

How Retail Real Estate Continues To Change

“The changes in consumer shopping behavior continue to create upheaval in the business of retail real estate. As certain kinds of space become less valuable or obsolete, the arrangements that landlords and tenants make has had to adapt. I recently sat down with four partners from Goulston & Storrs, a law firm with one of the largest retail real estate practices in the United States, and asked them what they’re seeing in the market right now.” www.forbes.com

Why Venture Capitalists Are Investing Billions Into Real Estate Technology

“The bottom line? Now is the time to get involved with real estate technology.

4 Keys to Staying Healthy in Open Office Layouts

“You can have the best system in the world, but if your facility manager isn’t cleaning the screens or the filters, the air quality is definitely not going to be great,” said Lessard, noting that routine upkeep is critical, as well..” www.amny.com

10 Examples of Companies With Fantastic Cultures

“Having great company culture is no longer just an option. Today’s workers consider it as much as they consider salary and benefits. In fact, fantastic company culture is almost expected along with other traditional benefits.

While the culture that works for one company might not work for another, you can learn a lot from companies who are doing it right, and get started on company culture hacks of your own.” www.entrepreneur.com

Your success blesses others. I wish you a great a hugely impactful week!